International law firm Ashurst advised Tages Helios ("Tages"), the real estate investment fund managed by Tages Capital SGR, on the structuring of the HoldCo financing transaction for a photovoltaic portfolio with an installed power of up to approximately 140MW.

This is the third financing operation for Tages with an unprecedented structure based on a scheme typical of loans for real estate infrastructure funds, following the refinancing of the 9REN portfolio in December 2016 and the Sunreserve portfolio in July 2017.

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised RNHB BV (‘RNHB’), an experienced specialist in financing investment property, on its acquisition of a commercial real estate loan portfolio of approximately €1.3bn from FGH Bank NV (‘FGH’), a real estate bank specialising in commercial real estate financing.

London—Dentons has advised HSBC – as agent, arranger, lender, hedge counterparty and security agent – on the £60 million acquisition facility provided to special purpose vehicle subsidiaries of Secure Income REIT Plc to purchase the Manchester Arena, the Brewery in London’s Chiswell Street and a portfolio of pubs in England and Scotland. Secure Income REIT Plc is a real estate investment trust solely advised by Prestbury Investments LLP, which has extensive experience in the UK real estate market built over more than 30 years.

Global law firm White & Case LLP has advised leading northern European private equity investment company FSN Capital V on the financing of its acquisition of IT companies Office IT-Partner, Zetup and Dicom.

FSN will be the majority owner of the new challenger group, which will have more than 500 employees serving customers from 33 offices across Sweden. The transaction closed on June 28, 2018.

International law firm Simmons & Simmons has advised ABN Amro and ING, initially on the bridge financing, and recently on the mortgage loan, to Eurocommercial Properties for the acquisition of the Woluwe shopping center in Brussels, Belgium.

With financing amounts of around EUR 460m for the bridge financing and around EUR 230m for the mortgage loan, the transactions are significant single asset financing transactions in the Benelux.

Advising on the largest GBP second lien financing this year, international law firm Proskauer represented Partners Group, which invested on behalf of its clients, and the other second lien lenders in the £285 million second lien financing to support Motor Fuel Group’s acquisition of MRH, the UK’s largest petrol station and convenience retail operator. The second lien financing accompanied a £1.2 billion equivalent senior financing underwritten by several investment banks. Motor Fuel Group is majority owned by Clayton, Dubilier & Rice.